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New York, November 21:: investigate."
On Rakesh Wadhawan, the report said he now chairs the realty firm Housing Development & Infrastructure Ltd.
"Housing Development's listing last July made Rakesh a billionaire, but it was only a temporary achievement. We now value his fortune at USD 530 million," it noted.
In an accompanying report, Forbes said, "When we published our list of the world's billionaires in March, it included 15 Chinese real estate kingpins. When we recalculated their fortunes at the end of October, all of those fortunes were smaller, some by billions of dollars.
Their Indian counterparts can commiserate. Our list of
the world's billionaires also included seven Indian real
estate moguls. Our Indian rich list, published this month,
shows their net worths each dropped as well."...
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